protect what is important
One of the most common reasons people purchase life insurance is to pay off major bills, such as vehicles, or a mortgage. Life insurance gives you the peace of mind that your family will have the money they need to carry on with life. It can also be used to provide money for your family’s living expenses, to leave an inheritance, or to maximize a pension. It can replace your income if your family is dependent on it.
is credit life a good option?
You can add credit life when you purchase a vehicle or buy a home. Typically, the premium is added into their monthly loan payment and the lender is the beneficiary. Your loan will go away, but your loved ones won’t see any of the proceeds which may not be the best because only the interests of the lender are protected. The premium is added to your loan, which means you will be paying interest for the entire term of the loan. If a lender tells you that you'll only get the loan if you buy the optional credit insurance, please contact us. In most cases, this is simply not true.
